Statistical Press Release – Non-financial sector indebtedness – July 2020
In July 2020 non-financial sector indebtedness stood at €740.0 billion, of which €331.4 billion referred to the public sector and €408.6 billion to the private sector.
Compared with June 2020, non-financial sector indebtedness increased by €4.6 billion. This was caused by the €3.9 billion raise in public sector indebtedness and by the €0.7 billion increase in private sector indebtedness (Chart 1).
The rise in public sector indebtedness was mainly reflected in the increase of financing granted by the external sector (€2.7 billion), the financial sector (€1.7 billion) and the corporations (€0.4 billion), partly offset by the reduction of financing granted by the general government (€1.1 billion) (Chart 2).
Regarding private sector indebtedness, corporations’ indebtedness increased by €0.5 billion. This growth resulted mainly from the increase in financing granted by the financial sector (€0.8 billion), partly offset by the reduction in external financing (€0.3 billion). The households’ financing from the financial sector increased by €0.2 billion.
Annual rates of change (1)
In July 2020 the annual rate of change (arc) of private corporations’ total indebtedness was 4.0%, 0.1 percentage points (p.p.) more than the previous month. The annual rate of change of total households’ indebtedness increased by 0.2 p.p., standing at 0.7%.
Next update: 20 Oct. 2020
(1) Annual rates of change in indebtedness reflect developments in total debt (including loans, debt securities and trade credits) of the non-financial private sector to the other institutional sectors (information on a consolidated basis). Annual rates of change are calculated on the basis of an index built from derived transactions, i.e. changes in end-of-period positions excluding reclassifications, revaluations, exchange rate variations and other changes that do not arise from financial transactions.